Walter M Milford Charitable Foundation

Private foundation · Grantmaker West Palm Beach, FL EIN: 33-0939794

Walter M Milford Charitable Foundation is a private foundation, based in West Palm Beach, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $419K in total assets. In 2025, it awarded 4 grants totaling $18K. Net investment income was $15K.

Key facts about Walter M Milford Charitable Foundation

In short: Walter M Milford Charitable Foundation gave $18K across 4 grants in 2025 (avg $4K), mostly in Maine. Source: 2025 IRS Form 990-PF.

EIN
33-0939794
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$17,500
Grants made (2025)
4
Average grant
$4,375
Median grant
$5,000
Total assets
$419,355
Primary geography
Maine (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$419K

-1.2% YoY

Annual Giving

$18K

-30.0% YoY

Grant Count

4

-20.0% YoY

Avg Grant Size

$4K

-12.5% YoY

Under IRS private-foundation payout rules, Walter M Milford Charitable Foundation reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.

How Walter M Milford Charitable Foundation gives

  • Giving held roughly steady from 2022 to 2025 (−10%). Method
  • In 2025 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

RocklandEncinitasCamdenCoral GablesMerritt IslandAmricusBaltimoreBangorKeeneRockportSanta Monica

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K3 grants2021 5 grants2022 6 grants2023 5 grants2024 4 grants2025

From 2021 to 2025, annual grant giving ranged from $15K (2021) to $39K (2023). In 2025 it made 4 grants totaling $18K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Curtis Island Lighthouse Foundation: $5KCurtis Island LighthouseFoundation$5KHomeworthy: $5KHomeworthy$5KFarnsworth Art Museum: $5KFarnsworth Art Museum$5KPenobscot Bay YMCA: $3KPenobscot Bay YMCA$3K

The largest 2025 recipient was Curtis Island Lighthouse Foundation ($5K). Together the top 4 received $18K.

Grant Size Distribution

23 grants across all recorded years

23<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 23 grants of 23 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Curtis Island Lighthouse Foundation Camden, MEGeneral Support$5,000
Homeworthy Rockland, MEGeneral Support$5,000
Farnsworth Art Museum Rockland, MEGeneral Support$5,000
Penobscot Bay YMCA Rockport, MEGeneral Support$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$419,355$424,499$440,205
Revenue$14,716$13,224$12,210
Expenses$19,860$28,930$40,691
Qualifying Distributions$17,500$25,000$40,691
Net Investment Income$14,716$13,224$10,519
Distributable Amount$20,448$10,873$21,534

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 13, 2021)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 23, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 23, 2023)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 15, 2025)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 11, 2026)
  6. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Walter M Milford Charitable Foundation is led by Karen Hai, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Karen Hai

    President

    On filings since 2021

    3 hrs/week

    No compensation reported

  • Tamra Fago

    Director

    On filings since 2021

    3 hrs/week

    No compensation reported

  • Justin Hai

    Officer

    On filings since 2022

    3 hrs/week

    No compensation reported

Former officers (1)
  • Former: Gregory Lane (2021) — Officer

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Walter M Milford Charitable Foundation

How much does Walter M Milford Charitable Foundation give each year?

Walter M Milford Charitable Foundation gave $18K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.

What is Walter M Milford Charitable Foundation's typical grant size?

Walter M Milford Charitable Foundation's median grant in 2025 was $5,000, and its average grant was $4,375, across 4 grants on its 2025 IRS Form 990-PF.

Where does Walter M Milford Charitable Foundation give grants?

Walter M Milford Charitable Foundation gives mostly in Maine: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Rockland, ME (2 grants).

Does Walter M Milford Charitable Foundation give general operating support?

Yes: 100% of Walter M Milford Charitable Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Walter M Milford Charitable Foundation?

Walter M Milford Charitable Foundation reported $419K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Walter M Milford Charitable Foundation's EIN?

Walter M Milford Charitable Foundation's EIN (Employer Identification Number) is 33-0939794. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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